Penki Kontinentai Group news

ASHBURN International Invested Over €1m in Its POS Terminal Network Upgrade

In 2017, ASHBURN International (part of The Penki Kontinentai group), which deals with the card payments and loyalty program managing solutions, has completed its Lithuanian POS terminal network modernization. The investments exceeded €1m – and the number of updated stand-alone and integrated POS-terminals was more than 4 thousand units.

“We started our entire Lithuania-served terminal network already in 2016. It was a multi-stage project, which we completed in late 2017. The work was necessary as of this January 1 the term of former PCI PTS 1.0 POS terminal certificate expired; so, we offered our clients the devices that correspond to a higher PCI PTS 3.0 security standard,” says Žoržas Šarafanovičius, ASHBURN International Executive Director.

According to Šarafanovičius, the new terminals also use their developed TransLink.iQ network management platform, which allows real-time POS terminal network monitoring and management, prompt and secure card payments transactions, as well as settings and software updates.

ASHBURN International first introduced POS terminals from Ingenico, which is one of the world’s largest manufacturers, in the Baltic States in 2008. TransLink.iQ software developed by ASHBURN International is currently installed on some 20 thousand POS terminals worldwide. The company currently negotiates with business partners to connect another 250 thousand terminals to the TransLink.iQ platform.

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